Agency
In New York, the duty of 'loyalty' owed by a buyer's agent to the buyer means that the agent:
AMust always submit all offers to the seller regardless of the buyer's instructions
BMust act in the buyer's best interest and not place personal or third-party interests above the buyer's interests✓ Correct
CMay disclose the buyer's financial limitations to the seller to facilitate a faster deal
DMust stay loyal to the agent's brokerage over the buyer's interests
Explanation
The duty of loyalty requires a New York buyer's agent to place the buyer's interests above all others, including the agent's own interests and the interests of third parties (such as the seller). Disclosing the buyer's maximum willingness to pay, financial limitations, or urgency to the seller would be a breach of this duty.
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